Most of the U.S. population that has health insurance receives health care coverage through an employer-sponsored group health insurance plan. Although the health insurance regulations may vary considerably from state to state, there are definite advantages to obtaining health insurance coverage through an employer using large or small business health insurance plans. In fact, many employees will report that the most important benefit offered to them through their job is health insurance. Companies throughout the U.S. spend billions of dollars annually for health insurance.
In recent years, companies have seen a dramatic increase in the cost of providing health care benefits to their employees. This is primarily due to the rising cost of health care and prescription drugs. Because of these ever increasing insurance premiums, many companies have been forced to reduce the benefits offered to employees under their group health insurance plans. This increases the out-of-pocket expenses that are paid by the employee when they require medical treatment or prescription drugs. Some companies are even requiring their employees to pay a higher share of the monthly premium or requiring them to pay 100% of the dependent premiums. The number of small or large companies that offer full premium payment for an employee and dependents are decreasing.
Requirements for group health is at least 50% of full time "eligible" employees must participate in the medical insurance program. "Eligible" is defined as those who do not have other insurance, either through another group or individual coverage and are not part time or seasonal.
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